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Publish Date : 25-May-2016

The Union Power Ministry on Sunday has revealed in an official statement that the rates discovered for short-term supply of energy in the summer spell via the recently held inaugural e-bidding procedure are considerably less over the purchase prices for the same period in 2015.

The Power Ministry has disclosed in the statement that the procedure has facilitated a considerable amount of savings.

It added, "Power Secretary P.K.Pujari congratulated the states of Uttarakhand, Kerala, Bihar and Torrent Power for early adoption of the DEEP (Discovery of Efficient Electricity Price) e-bidding and e-reverse auction portal."

According to the statement, the prices discovered in all of the cases stood at about Rs.3 for each unit.

It further said, "For Kerala, the lowest prices for the month of May in slot of the day have been discovered at (Rs.) 3.14 per unit, while last year, short-term power in round the clock was procured at the rate of 4.70 per unit.

"For Uttarakhand, the lowest price for power for the month of July on round the clock basis was discovered at 2.59 per unit through reverse auction in e-bidding process using the bidding portal. Last year for July, the lowest price at which short term power was procured was 3.41 per unit."

The Ministry has revealed that the discoms have refrained from offering bid for power in the past two years in Bihar, where the lowest per unit price for July, for the slot of day, has been discovered at Rs.3.08.

It continued, "In e-bidding process of Torrent Power Ltd., the lowest price for the month of May-June in slot of the day has been discovered at the rate of 2.95 per unit. There was no short term procurement in 2014-15 and 2015-16 by Torrent Power."

In Kerala's tender earlier this May to deliver 100MW of energy during peak hours and 50MW throughout the day for the current month, PTC India emerged as the lone successful bidder.

The power trading firm has also been successful to win over 50% of the amount tendered by Uttarakhand Power Corp to provide 150 MW of power 24/7 during July this year.

PTC has also secured the contract for supplying power during the peak hours in July and August 2016 to the State.

Piyush Goyal, the Union Power and Coal Minister, has accomplished the launch of the DEEP portal in April 2016 here in New Delhi.

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